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Tony Stillo and Michael Davenport of Oxford Economics said the Bank of Canada's rate cut today did not completely abandon its previous message that the rate cut would be decided on a meeting-by-meeting basis, and it still underlined concerns about rising inflation in housing and services. Analysts believe this means that the possibility of a significant 50 basis point rate cut is temporarily non-existent. But as the Bank of Canada refocuses on downside risks, economic weakness and slowing inflat...

2024-09-04 23:41:25